If you look at shitcoins (e.g. AuroraCoin,BeeCoin) and compare them to innovative coins (HeavyCoin,MyriadCoin), they both go down after an initial pump. Shouldn’t HeavyCoin slowly rise because of its intrinsic innovation value? Let me phrase that the other way round: Why is an innovative coin more valuable than a stupid clone? Answer: It is not. In the current climate innovation does not actually make a coin valuable. At least for now.
Most people new to altcoin trading make similar mistakes. I wonder if it is even possible to avoid them. Maybe they are a necessary learning step.
Just a short reading recommendation: Aluna Crypto Currency: How to Pick & Trade the Next Profitable Altcoin: An Insight into What Goes Through my Mind.
After the first read, I have not found a single point I really disagree with. Will probably read it again a few times and check the references.